307 Central Avenue
London East, ON
- 8 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
- 124 days on market
Exceptional investment opportunity in the heart of London! This rare six-plex offering spans two separate buildings and is anchored by a charming century home full of character and timeless appeal. Meticulously maintained and featuring newer windows throughout, this property blends historic charm with practical updates-making it an attractive and durable addition to any portfolio. Comprised of a desirable mix of one- and two-bedroom units, each suite offers a comfortable and private living space suited for professionals, students, and young families alike. Despite its central location, every unit provides a sense of sanctuary for its occupants. The property is tenanted with long-term, reliable residents, ensuring stability and immediate income. Ideally located just steps from Victoria Park-home to the city's most popular festivals and events-and within walking distance to CF Masonville Place, the London Public Library Central Branch, major schools, hospitals, and Western University, this property offers unbeatable convenience and strong rental demand. With potential gross annual income exceeding $100,000, this is a turnkey, high-performing asset in one of the city's most sought-after locations. Whether you're expanding your portfolio or securing a stable, income-generating property, this six-plex delivers both immediate returns and long-term growth potential.
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Listing Details
- Taxes (2025)
- $7,041
- Listed
- May 1, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Construction
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Primary Bedroom - Main Floor
- Lot Size
- 52 x 133.5 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- CENTRAL AND WATERLOO
- Parcel Number
- 082660060
- Possession
- 60-89 days
- Occupancy
- Tenant
Schools
Secondary
- London Central Secondary School0.3 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
- Catholic Central High School0.7 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School1.1 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Elementary
- Woodfield French Immersion Public School0.6 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
- St Georges Public School0.8 km
Public · Thames Valley DSB · 275 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Jeanne-Sauvé Public School1.4 km
Public · Thames Valley DSB · 305 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 58% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,318
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,318 recorded sales of residential freehold properties in London East over the last 12 months.
Listed by
ONE PERCENT REALTY LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$340,000
Estimated Monthly Payment
$8,352
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,352/mo (20% down, 5.5%)
Taxes: $587/mo · Insurance: $425/mo
Estimates only. Consult a financial advisor.
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